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Ghana’s economy poised for a surprise this year, says Amin Adam

Mohammed Amin Adam/Minister for Finance, Ghana

The Finance Minister, Mohammed Amin Adam, is optimistic that Ghana’s economy will pull a surprise by recording tremendous growth this year.

Amin Adam believes the recent 4.7% growth recorded for the first quarter of 2024, despite a projection of 3.1% by the World Bank, is a good sign that the economy is experiencing a major rebound.

Speaking at a town hall meeting in the UK on Saturday (22 June 2024), Dr Amin Adam said: “This year our economy is going to surprise the whole world.

“I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world – even the IMF and the World Bank.”

Dr Amin Adam added: “They are all surprised. Last year, they projected our economy will grow at 1.5%: we grew at 2.9%. This year, [for] the first quarter of this year, they projected we will grow at 3.1%: we grew at 4.7%.

“This economy will grow, and it will grow faster than everybody thinks.”

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